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How much will a house realistically appreciate?

In a midwest college town, right next to a military base, I bought a 3 bedroom, 2 bathroom, 1400 sqft ranch style house that was built in 1988, on .72 acres, with a fenced-in yard. I paid $249,000 using a 30 year mortgage at 4.3% in 2022.

According to Zillow (and the oh so reliable Zestimate) my property has appreciated to $264,000. Now I just can't help but wonder what is realistically the upper limit of appreciation for this home? I know my interest rate is low by today's standards, but I can't help but get the feeling that at a certain point, the appreciation of my property will fall below the compounding interest of my home loan, and I'll take a loss on it, because even after making renovations to the home, I'm still not sure I'd pay $260,000 for it, let alone $270,000+ in the next 5 - 10 years.

TLDR: How can you be sure that homes will actually appreciate, and avoid a loss?

Edit: I should add, I've moved away from the area, and am currently renting out the property.

submitted by /u/LeddyTheAxe
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1l6ake7/how_much_will_a_house_realistically_appreciate/
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